Counterflow with Buck Johnson Ep. 402 - Orthodoxy and the Modern Markets, with Fr. Emmanuel Lemelson
What do silver crashes, sovereign power, Vatican banking scandals, and free cash flow have in common?
In this conversation, Fr. Emmanuel Lemelson joins us to explore the moral psychology of markets and the spiritual dangers of fear-driven investing. From the 2026 silver collapse and what he calls the "Imperial Margin Call," to the collapse of the safe-haven narrative, to the deeper arithmetic behind margin-of-safety investing, this episode moves beyond headlines into first principles.
This is not merely a conversation about investing; it's about anthropology, empire, illusion, and sobriety. It's about whether modern markets form disciplined stewards or anxious speculators.
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